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the deficit by 25% and have cut immigration by a third. we have a long, hard road to travel, but we are going in the right direction. >> hear, hear. >> mr. james morris. >> i am sure that the prime minister will wish to add his condolences to the family and friends of christina edkins, who was murdered on a bus to school in my constituency last morning. the government have rightly introduced minimum custodial sentences for people convicted of threatening someone with a knife, but does the prime minister agree that it is time to introduce a legal assumption that people carrying a knife intend to use it and should attract a prison sentence, so that we can redouble our efforts to rid our communities of the scourge of knives? >> hear, hear. >> i think that my honorable friend speaks for the whole house and, indeed, the whole country on the absolute revulsion at this horrific crime. i know that the whole house will sincere condolences to christina edkins's family. we take knife crime extremely seriously, which is why, as my honorable friend has said, we changed the law so that any adult who commit
independent office of budget responsibility are absolutely clear that the deficit reduction plan is not responsible for low growth." this is not what they say and will he acknowledge that today? >> returning to his earlier interesting thing about british politics right now is i've got the top team i want and he's got the top team that i want, too. long may they continue. now on the issue of the office of budget responsibility, the point of the obra is that it is independent and everyone should accept everything that it says and i do. but we should look at what it says about why growth has turned out to be lower than it forecast. it said this. we concluded from an examination of the data that the impact of external financial shocks deteriorating export markets and financial sector and eurozone faculties were the more likely explanations. that is what they said. the shadowair to chancellor, in his own press release, he said that the obr has yet to be persuaded if i have to tell him, his plan of more spending and more borrowing and more debt, the country will never he persuaded. >>
dollars loss, so to the degree that revenues come in lower than expected, the deficit would be larger, so there is some sensitivity here. >> and that's 134 million over five years? >> over five years, that's right. >> got it, thanks. >> so, going back to just in term of what compromises that 578 million dollars of revenue growth, the largest portion of that being our property tax which is our largest overall local revenue source, though business taxes and our hotel and sales taxes are as growing over that time period. this slide highlights for you wla the projected growth rates are in the plan, so you can see, you know, stronger growth rates in the early first two years and more moderate projections in the subsequent years. on the expenditure side, our -- the city's expenditures are projected to increase by 1.1 billion dollars over the five year period, that's about 25% growth, and the largest share of that is our salary and fringe benefit costs which are growing we're projecting 460 million dollars, there are a number of citywide cost increase that is are assumed in this plan, things lik
's a proposed 50 million dollar budget deficit from the department of public health, how does this proposed increase impact that because i'm assuming this is something based on what's been communicated to me around the department of public health, this is a consistent issue and so when we look at potential growth, are we looking at the fact that we're also absorbing the deficit or we will maybe need to absorb the deficit of the department? >> that's an excellent question, so included in that first number on the page, the 141.9 million dollars is our best projection of what that supplemental will cost the city next year, so that number includes the operating shortfall that they're experiencing this dwraoer and how that affects next year, so it's reflected here on the -- in the shortfall projection. >> so, which is why there's still -- >> 57 million dollar shortfall to start with. >> thank you. >> i think what's important to think about the health department, the department will be before you in two weeks to talk about this in more depth along with issues related to the supplemental, is that
differences. let's take a look at them. the gop plan would cut the deficit $4.6 trillion over ten years, all through spending cuts. the democratic plan would cut the deficit $1.8 trillion half through spending cuts and half through tax hikes. senator corker, let me start with you will senate republicans accept a tax increase if you get serious entitlement reform and cuts? >> i think senate republicans and all republicans want to see a 75 year solution to entitlements and i think republicans are joined in wanting to see tax reform so to the extent that generates revenues and how that is scored obviously that will be debated as we move ahead but i think all of us understand the real issues driving the deficit is in our o country are the entitlements. we want to see these available for generations to come. >> chris: but real quickly you you understand the price for entitlement reform in any deal would be a tax increase. would you buy that and what do you think are the prospects there willle be a deal sometime before this summer? >> well, again, i think there by the way is a chance on a deal. i
our first order of business will be to get our deficits and debt under control. >> then just this week, a different tone. he said we don't have an immediate crisis in terms of debt. in fact, the next ten years it's going to be a sustainable place." congressman van hollen, why the change? >> it's not a change. they're totally consistent. right now our big problem is to sustain the economic recovery. we've seen momentum in the job market. and the last thing we want to do right now is to put the brakes on that. in fact, one-half of this year's deficit is due to unemployment, the fact that more people aren't at work. so what the president saying our focus right now should be to get people back to work, sustain the recovery, and then reduce the deficit in a measured, balanced way. there's no doubt that we have to do it and the budgets the president will present and the ones we will present will do that. it will put us on a sustained downward trajectory on deficits. but our priority is job growth. >> this is the point, right? his argument is don't get us in the middle of austerity in the nex
of cloud cover. how do we need that rain? very badly. santa rosa is nearly 6.5" in deficit. 5" in deficit in san francisco and more than 3" in deficit in san jose. today we are starting off cool with clear conditions, 30's to mid-40's. the clouds will increase through the afternoon. a mild day with democrats in -- with temperatures in the upper 50's at 4:00, and mid-50's at the coast and upper 50's to low 60's. tomorrow the clouds will be getting thicker and drop rain in the evening. the best chance of rain is tuesday night into wednesday morning with lingering showers wednesday afternoon and the day on thursday looks brighter. >> golden gate bridge is free with no road work. it is a nice drive. from the tunnel into san francisco, it is nice. you will not be able to pay cash after the 27th to get across the golden gate bridge. we have a solo spin out in central lafayette westbound 24 to the right shoulder. checking the drive from the central valley right now, it is looking good with a lot of green. that is what we like to see coming up and over the pass into livermore. >> it was a plot ri
and expenditures and then monitors our overall progress on the city's structural deficit. as you'll also remember, the five-year plan, it requires that we both present what that gap is and then propose financial strategies about how to eliminate the gap between revenues and expenditures. so, what i thought i would do is kind of walk through some high level assumption and then talk about in more detail about what's going on in the five-year financial outlook, so the plan itself assumes the budget that was adopted last year for 13-14 as the base case in most scenarios, so that means things like our capital funding is assumed at the level that it was adopted in the budget last year, inflation on materials and supplies on grants to non-profits that's assumed at the level it was adopted last year, the one major difference that i would highlight for you now and i'll mention it again later is how we're treating the prop h public education enrichment fund baseline in which we defer to contribution last year in the second year and our projection today assumes that that's fully funded. >> ms. howard, just
deficit by almost $6 trillion in 10 years. reduce ay budget would little under $2 trillion in 10 years. >> what other groups are offering their own budget plan docks water they likely to focus on? >> -- who will be issuing their own budget plans? budget will be similar to patty murray's budget in the senate. increases,ave tax but neither would balance the budget in 10 years. also the congressional black caucus and the congressional progressive caucus will be introducing budget. it's possible a ryan version could be introduced in the senate. >> what is likely to happen in the senate this week? >> it will be democrats making the case for the patty murray budget. convince someto democratic senators who may not support that budget. they will have to sell it to democratic senators as well as republicans. no republicans are likely to vote for the budget. they will be calling for more spending cuts, no tax increases, balancing the budget sooner. >> republicans say this to be the first time in four years they have agreed to put forward a plan. why is this your difference? are a number of diffe
right now. then we address the long term budget deficit in a balanced way where we ask for shared responsibility as opposed to the republican plan which provides another tax break wind fall to very wealthy people at the end of everybody else. the expense of the middle class, the expense of commitments to seniors. so our focus right now is to number one, do no harm to the economy. number two, invest in a jobs plan that will help put people back to work. whether building roads or bridges or infrastructure or other things important to our economy. >> why will it take until 2040 to balance the budget under your plan? >> well, if you actually look at the past 40 years, we've only had four balanced budgets. those were during the clinton years and once leaning over to the bush years and then they squandered that balance. so the reason we do that is our focus is on jobs, craig. our focus is on meeting our commitments to seniors. we will not balance the budget on the backs of our kids' education or on the backs of our commitments to seniors. whether it is under medicare or medicaid. what w
and millions of americans who say that the economy is the main issue. second to the economy is the deficit. it goats back to the fundamental issue of moderation. this is the achilles' heel for the republican party. everything is just black and white. whereas most folks, most americans in the middle believe in moderation. whether we do our own taxes or finances, we sit down and figure out, how do we cut a little here, save alternates there, increase revenue? so the problem with the republican party is they're out of step how most of us work on a day-to-day basis. that's something that the president has been so good at reflecting in his bigger vision of deficit reduction and the economy as a bigger issue. >>> clarence, you still here boehner say no new ref, though the american people are saying new revenue. they're saying we don't have an immediate crisis, but we need immediate cuts. why are we cutting head start and other things immediately if there's no immediate problem. a new republican leaning poll, a republican-leaning poll says just 16% of americans said the deficit and the debt with
. this as the postal service with huge deficits, closing centers and eyeing the day when it stops saturday service until congress steps in. this is dismantling the postal service as we know it. he says the postal service really needs to keep up with technology. >> the postal service they want is to privatize the post office. one of the things they are aiming right now is to reduce from six-day to five-day delivery. later on they are going to try to privatize it. we don't want that. we cannot allow that to happen. >> with the economy improving, we're seeing the mail coming back a little bit slowly. what we've lost is bill paying. people pay bills online. it's free, convenient. that won't come back. we've reacted in a responsible way. >> he said they never laid anyone off. they used buyouts and other methods to reduce manpower. they are looking into using smart phones, package delivery options, testing a system where say you order by 9:00 a.m. and get package delivered by noon, he says the postal will be viable for the next 10 years. reporting live, christie smith. >>> a memorial growing in santa ro
the reason why there isn't any wiggle room, because one, cutting the deficit, democrats propose cutting it $1.85 trillion, half through spending cuts and half through tax hikes. the republican plan, paul ryan plan, would cut the deficit $4.6 trillion in ten years and includes repealing obamacare. the hope going through the legislative process they might be able to find compromise to strike some sort of deal. >> we need to put americans back to work. that's our first priority. deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline f
. >> let me quote dick cheney, who said ronald reagan taught us that deficits do not matter. dick cheney was wrong. he was wrong then and now. of course deficits matter, but any one of you who supported the bush plans has no right to speak. i helped bill clinton balance the budget and build a surplus. why? because we had good economic times. in good economic times, you pay down the deficit, but reagan and bush did not, and in bad you have to stimulate in the near term, as thank god president obama is doing. we democrats will balance the budget once again. >> paul, which is more important to america's pursuit of happiness -- which is more dangerous, excuse me, than a 357 magnum -- >> in my home you would find 17 guns and no cans of soda pop. i have the right wing position on the giant drink soda thing. i do not like the idea, and i think bloomberg is a fine man, but i do not like government telling us what size to buy today. this one, i am with tucker and most of you. i have the right wing position on gun safety. i have the same position as ronald reagan, who was for a waiting period befo
in deficit reduction. there's plenty of room to cut more. and plenty of room to raise revenue and that's part of any big package. >> you heard senator corker, lay ought, if they give this, we'll give this as well. entitlements is what he's saying on the democratic side. what would you be open to? >> i'd be open to reducing costs in medicare. i think the affordable care act made a good down payment that way in reducing payments to medicare advantage plans. we can reduce overpayments to pharmaceuticals. and we can put costs by focusing on making sure the services are deliverable rather than paying for the number of services. there are ways to bring down costs without attacking the benefits under medicare. social security, a little more difficult. i think many of us would support raising the lid at which payroll taxes are paid into the system. that would help preserve social security for another generation. so there are changes democrats have been willing to embrace to reduce costs to raise revenues to support those programs. but we need a willing partner on the other side. and in the house we d
that you can cut the deficit in 10 years while simultaneously increasing defense spending and cutting 35 to 28, as from mitt romney proposed, but 39 to 25%. it is just a pipe dream. >> are we ever going to settle this thing, lois? >> and then we might. i think the charm offensive is working a little bit. mitch mcconnell is speaking well of the president in saying that we have useful meetings. his biggest problem might end up being the democrats, trying to move them through some sort of entitlement reform. >> evan? >> maybe obama has got some secret plans to, but i don't see it. this is too little too late. if he was serious about a grand bargain he would have started in november. instead, he behaved like a political hack for months, and then his polls go down and he says, okay, i guess i got to show i'm being cooperative, so he has dinner a couple of times. it is not. getting. >> charles? >> and has not even produced a budget, which by law was due last month. he says it will be out the week of august 8 bid what the senate democrats have done, and these they have produced a budget, first
of the problem, we need to be in this deficit, secondly, the assumption that there won't be any cost of doing business increases, it costs around 20%. years of double digit health care costs, no raises, the city keeps paying lip service to this issue you tell us we're important, let's do something about it in good faith, let's have the conversation and not shut the door. >> any members of the public who wish to comment on item number 1? okay, seeing none, public comment is closed. colleagues, at this point, i would like to make a motion to continue this item to the call of the chair. >> second. >> okay, second, we can do that without opposition. so moved. >> mr. clerk, can you please call item number 2. >> item number 2 is a hearing of city's reserve and set aside policy for fiscal year 2013-2014 and fiscal year 2014-2015. >> thank you, mr. clerk, the colleagues called for this hearing to try to get a sense of what we're facing in this upcoming budget cycle, i thought this would be a good topic to move forward and we have monique from the controller's office. >> mon naoek moody, deputy contro
about deficit reduction that it is a misplaced focus, that the real priority should be on job creation. but it seems that too many people in congress who just think the most important thing is to cut cut cut. so is the deficit really the most thant thing? is the deficit out of control, or is job korea payings more important? >> chris van hollen is right. we have over 40 million american families living in poverty. these numbers carry with them a really human toll. so if we want to be looking at the long-term success of the u.s. economy, then balancing the budget in the short term is a really short-term mistake. >> bill: in other words the best thing we could do to grow the economy is put people back to work. >> yes, and make the sorts of investments that will get people to work today, take a look at pre-k. you are not only employing a lot more full-time teachers but at the same time you are investing in future workers. >> bill: how can it be that you have got -- again, the dough -- these new record highs, corporate profits record high financial institutions are back
, is that right? >> the sun could disappear and the rain fall deficit if we get the much-needed rain tomorrow and wednesday. our deficit is 3.5" to.5" in santa rosa. rain would be nice and so would the sierra snow. we will get some out of the system. today we are off to a cooler start. temperatures are in the upper 30's to mid-40's so dress accordingly and it is cooler this morning. headed toward noon, up to 60 inland with high clouds rolling law and by 4:00 we will call it partly sunny and 50's at the coast and mid-to-upper 50's for the rest of us and low 60's holding on, inland. tomorrow, the better part of the day it will be dry with light rain breaking out later in the afternoon in the early evening hours and overnight we have our best chance of rain through wednesday morning and lingering showers wednesday afternoon and breezy and brighter. you will notice the warming trend by thursday. sue? >> happy monday, everyone, we will go to the bay bridge with just a couple of stars -- cars stacked up and no metering lights and slowing on the upper deck moving into san francisco. in pleasanten we
's plan calls for us getting out of the deficits in ten years. senator paul said, i can do it in five. what do you think of that? >> i think he could and he has put forward plans in the past that show he can. and like i said, going back to the communication factor. he knows how out of control the government is, whether it's sending money to people who are burning our flag or giving money to college students to come up with a menu how we'll eat on mars, and he has an ability to communicate with young people and voters as a whole what is important and what isn't. and we have seen him become a hybrid. he is a republican but has a libertarian base and ising which that republicans have been striving for but hasn't found the right candidate and right now rand paul looks like he is on his way. >> neil: obviously ruffled john mccain's feathers, and john mccain kind of apologized for how far this went. react to this. >> in an interview i said that senator paul and senator cruz were whack obirds. that was anyone appropriate and i apologize to them for saying that because i respect them both a
for the deficit in parents. >> but then what does it say to now that we have such a lack of funding that our class sizes are too big? >> hal: i think that's a republican principled stance what they consider a socialist education system and -- and sort of a youtube paranoid nut bar wing of the republican party that think high schools and middle schools are indoctrine nation camps for liberalism. those two camps have systematically over the years defunding public education, getting rid of it. it was a talking point during the debates. it was one of the things that i think rick perry didn't forget. get rid of the energy department, the department of education. now here is the thing -- the point i'm trying to make is that an education base you can legislate class size, how many books are available, food they get to eat, but you can't force par rental connection to the child. >> but would you agree we have a parental absence crisis? >> hal: no, i don't. i think there are critical groups, and usually they are either super rich or upper rich people who ignore their children a
's deficits were unpatriotic and a fraction of what these are. and 2009 cut the deficit in half he the end of the first term and that was essentially ignored in 2012 when he ran for reelection and failed to do that and mentioned one time in the newscast in one year. and 2012 told msnbc taking care of the deficit being the first order of business, this week, or last week, he said no and you're not going to get a balanced budget for the the sake of balance and sustainable for the next ten years. i think he's clearly moving the goal post, a watch dog press would be all over this, but seem to be ignoring this. you should see the e-mails, our viewers are all over it. rich, thank you. tax the rich not playing well overseas or at home for that matter. listen to this. >> in france, the approval rating of the socialist president hollande has plummeted to a mere 31%. remember, hollande came to office proposing a huge tax on the rich. here, bill maher of all people are turning against high taxes. yes, bill maher. complaining about how high his taxes are, would you know it. the man who gave a million
you need to deal with it budgets and deficits and you need to keep growth going. here is what i saw over the weekend. recession in greece which is a actually a depression if you line it up against the u.s. great depression in 1929 it looks a lot a like in terms of how much unemployment there send a how much the economy was contracted. greece is having our great depression of the late 1920s. >> wow. >>> moving on to washington now. president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. he is at odds with other members of his party including house speaker john boehner who is ruling out the prospect of any new taxes. >> i think, by the way, there is a chance on a deal. i know the president is saying the right things and we have an opportunity over the next four to five months. i think republicans, if they saw true entitlement reform would be glad to look at tax reform tha
and also address the problems causing a long-run deficit which are healthcare rapidly growing healthcare costs. we can improve our tax code by closing all the tax loopholes that we have. that's what the president has been focused on since frankly since i started working for him back in 09. >> rose: do you believe, are you hopeful that somehow the capitol, the dinners the lunches that are taking place that there's somehow a change in the dynamic of the conversation? >> i think the president is willing to try whatever will work. i think that it's a pretty high hurdle he's facing. i say that because the president worked awfully hard because of the congressional leadership to reach a grand bargain. we set as a goal as a number of others have to rules the deficit by 4 trillion dollars over the next decade. we made substantial progress. two and-a-half million. we didn't reach a plan then because speaker boehner decided to go to plan b. if we couldn't get to the bargain then i don't know if it's any easier now. it's hard for me to say what has changed from their calculations. but the president
on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so baner er isboehner is sayin. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positive agenda. by conceding the point that we don't have an immediate debt crisis, then can you raise some questions. so for example, senator patty murray said let's get rid of the loopholes and deductions. now republicans say, sure, let's do that. instead of sending money to washington, let's make the child tax credit bigger. let's offer middle class tax relief. let's
do both. make sure we have deficit reduction but don't cut too much too fast. >> dick durbin also optimistic they can move forward. as congress grapples with developing a budget it must deal with another problem that looms it has to pass a continued resolution before march 27th to avert a government shut down. heather, they go on break at the end of this week. we will see what happens. >> of course they do. they are always going on breakdown there. >>> it is time for your first degree weather update with ma r maria molina. >> maria is in the weather center tracking another storm. is that right? >> yes. a brand new storm impacting portions of the upper midwest today and we are expecting to see snow from the same system into the northeast as we height. we could be seeing significant accumulations especially across places in new england. want to start out with high temperatures. we are seeing wild disparities as far as the temperatures go. take a look at minneapolis. 30 degrees for the high temperature today. it will feel more like january than march. in san antonio you could see rec
it in for the dunk to cut the deficit to one. st. louis was just too much. cody ellis drains the three to give st. louis a six-point lead. they go on to win 62-56. so st. louis plan to watch the ncaa selection at the airport but they ran into traffic so they settled for watching it at a best buy in new jersey. look, it comes with comedy la-z-boys. don't expect to see defending champion kentucky, they were left out of the big dance. we start in the midwest where louisville claim the top 87 all seed in the tournament. should they win they'll face the winner of the colorado state versus missouri game. in the west, gonzaga got the number one seed but they've got a tough road. they would face the winner of the pitt versus wichita state game in the second round. on the other side of the bracket kansas took the top seed in the south but they have a date with either unc or villanova should they advance to the round of 32. in the east, indiana starts as the top seed. it's second seed miami that has a lot of people talking. they'll face pacific in the opening round. then vegas likes louisville to take the
up 2-0. giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore this california. what is behind this disturbing new trend? and a business of a scoop from a pregnant duchess of cambridge. what she is saying today about the sex of her baby. we'll be right back. [ male announcer ] with citibank it's easy for jay to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. i'm carolyn johnson. ama dates has the night off
inning. there was a double home and rockies up 2-0. giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore this behind this disturbing new trend? and a business of a scoop from a pregnant duchess of cambridge. what she is saying today about the sex of her baby. we'll be right back. >>> good evening, everyone. i'm carolyn johnson. ama dates has the night off. in tonight's headlines, an emotional candlelight vigil in santa rosa for a 14-year-old boy kigic car tragic car racing accident. marcus johnson died yesterday when he was hit by a sprint car driven by his 17-year-old cousin at a marysville racetrack. >>> a motorcycle driver is dead in walnut creek following
there? you can go and beat hair cut there. but they are running deficits of $350,000 a year. time to privatize? >> kimberly: time to supercuts. >> dana: speaking of that, we did a google search. if you let the senators know it would not be the end of the world if you had to give up the senate barbershop. look on the map. there are seven places in walking distance from the capitol to get your hair cut. >> kimberly: now give them coupons to go over there. and give it to the barber and start it up. c'mon, i pay less to get my hair done. >> dana: time to privatize the senate barbershop? >> greg: i don't know. look at the success the barbershops have had. good job, guys. >> eric: you got your hair cut? >> greg: they fell asleep at the wheel. i use the great acres analogy. obama's democrats are like the sexy zaza that could expense every vehicle they have. eddie arnold is the guy that always has to play the bills. we have zsa zsa gabor in the white house. it's great because in a sense they're our mother so they tell us thousand use the microwave. might be at night they give us a bedtime
despite all the right wing talk about him the fact is the deficit is getting smaller and there are fewer and fewer government jobs. the addition of jobs we had last month, 236,000 jobs, 70 those of those were business service jobs. that's a good sign for the future. accountants office workers being hired that employeers expect more business in the future. but the sequester and the press for austerity and the increase of social security tax are all slowing our progress to where we should be. >> michael: of course these companies would be hiring accountants now because they're making so much damn money because they're not paying enough wages to their workers. that's part and parcel of how it works. >> yes remember a fundamental tenant of the chicago school and i went to the chicago school is to get rid of unions, that means driving down wages. i just reported in my column in tax analysts, tax notes, if you take the average increase of income for the bottom 90% of americans from 1966 when lbj was president to 2011, it's $59. you measure that as one inch. the top ten percent line is 163 feet
of the american people, including the majority of self-identified republicans that we can move forward on deficit reduction in a balanced way. >> bret: senior political analyst brit hume in miami tonight with thoughts on the charm offensive. good evening, you look sun-shiney in miami. >> life is good here, bret. you should come. i hope you will be here soon. >> bret:ly indeed. what do you think of the charm offensive? >> well, it was a remarkably sudden conversion by the president from an attitude of, you know, up yours. i don't need you, to i want to get together to talk with all of you. of course, the leaders in the, the republican leaders in congress who are smart enough not to act skeptical about it. they said they thought it was fine and good. more the better. but i think in the end, you have to ask a question, bret. simply this. is it likely that president obama will make any major concessions on the entitlement programs, without more new taxes? and the other side of that, of course, will republicans be willing to go along with more new taxes to get reform in entitlement programs. unless yo
.s. budget deficit should be reduced by cutting spending. but 35% said they trust the democrats more. so to regain the public's trust they have done an autopsy of the 2012 campaign. the rorpt has a lot of style but not a lot of serious substance. in it the word messaging appears 77 times technology in there 42 times, and then there is the long list of things that got no mention at also. health care inequality and others. the plan also pointed to some other issues, and no bashing poor people at all. the plan says low-income americans are hardworking people who want to become hard-working middle-income americans of course paul's plan would make it harder than ever to allow poor people to join the middle class. next up, reagan. enough already. the youngin's at all don't even remember him. they also pledge to be flexible on gay rights even though republicans are spending millions defending the discriminatory defense of marriage act, and finally immigration reform and reaching out to minorities. they'll spend $10 million this year on a minority outreach program called the
without a hint of how it would be possible. without exploding the deficit or dramatically raising taxes on the middle class. this is consistent with what the romney ryan ticket said on the campaign trail last fall. the same issue where they dodged, assembled, and ignored the perfectly reasonable question how is it possible? six months later it's back in the budget but there's still -- but there still is no answer. during the last 40 years there have been only four budgets without deficits. the last three clinton budgets and the one that george bush inherited from bill clinton. in each case taxes as a percentage of the total economy were over 20%. in this republican fantasy land budgets are balanced with revenues at 19% of the economy, yet meeting the needs of 78 million more seniors and a infrastructure deficit that is growing as america is falling apart. clearly this is not remotely possible if we are going to enjoy anything like our current quality of life. there is a real world intersection of budget saving opportunities with potential areas of agreement. health care reform is one. b
gone through a state where wisconsin had faced a multibillion $budget deficit. we saw some of the record jobs will we've seen in the past. what did we do? we took that $3.6 billion and -- half a billion surplus. we lowered the overall taxes for the first time in years. taxes on homes have gone down in each of the last two years. [applause] but when it comes to jobs under my predecessors terms wisconsin lost 300,000 jobs and just 10% of our employers were headed in the right direction. today we're gaining jobs and 93% of the employers says that wisconsin is heading in the right direction. we can leave with an optimistic message. simply put in we showed in our election who do you want in charge, the big government or do you want the hard working taxpayers, the hard working taxpayers win out and they will win out over and over again. in america, we need to show an optimistic message that we're not standing with the big businesses of america, we're standing with the hard-working taxpayers and this is the message that can resonate throughout this country. [applause] now, in addi
on the possible deficit reduction deal. hi, john. >> it's an interesting blend of confrontation and cooperation. call it a controlled battle because you've got the u.s. senate today taking up a bill to avert a government shutdown by sustaining government funding beyond march 27th. the house has already passed the bill. there are differences between the two chambers and the two parties on what they want to do to the effects of the the bill. it smoothed out some things. made it easier for the pentagon to adjust. the senate has other departments which it's trying to help. still some disagreements there. but they expect to be worked out by the end of the week. at the same time, there's a huge gap between the two long-term budget plans that the two parties are pushing. and john boehner over the weekend said, we're done with tax increases. he was repeating that position. the house white house responded, the senior adviser, saying no deal is possible as long as john boehner is in that place. so that's where we are, sue. you've got on the one hand the two parties working together. they are like my to a
deficit. the main attraction at these gambling halls is the new slot machines. we americans spend more money on slots than on movies, baseball, and theme parks combined. but with slots, there is the potential for a dangerous side effect: gambling addiction. and more people are addicted to slots than any form of gambling. [slot machines beeping] >> this is what slot machines used to look like, where you pull the handle and hope for three of a kind. [slot machine beeping] this is what they look like today. the modern slots are like high-tech video games that play music and scenes from tv shows. you can play hundreds of lines at once, and instead of pulling a handle, you bet by pushing buttons, which means each bet can be completed in as little as 3 1/2 seconds. it looks like great fun, but it can be dangerously addictive. >> whether or not it's their intention, the gambling industry is designing machines that can addict people. >> mit anthropology professor natasha schull has studied gambling addiction for over 15 years. she's interviewed gamblers, casino owners, and slot machine designe
president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to be to balance the budget over the next ten years, i'm not sure we're going to get very far. and this is the whole issue. we have a spending problem here in washington, and it's time to solve the problem. >> we're hearing different things coming from various republicans, including senator bob corker. he's a republican of tennessee. he says he's optimistic about the possibility of what's called a grand bargain, and he's open to the idea of raising tax revenues to cut the deal under certain circumstances. senator corker's joining us now from capitol hill. senator, thanks very much for coming in. >> good to be with you, wolf, thank
. even a small deficit, as little as an hour a night, remember how we just recently lost that hour when we jumped forward for daylight savings? ok, can lead to some serious unpleasant conditions, including floppy eye-lids. show of hands, how many of you have had floppy eyelids? [laughter] show of hands for this next one, sexual[laughter]nction? [laughter]
trillion deficits -- that would be the annual difference between what we bring in and what the government spends -- four in a row more than a trillion dollars -- after more than $1.6 trillion in tax increases, after hundreds of billions of dollars worth of new regulations, our country is mired, we are mired in the longest period of high unemployment since the great depression. that is a direct consequence of this huge debt and our creditors' lack of confidence that we're actually serious about dealing with it. indeed, many workers have simply given up on finding work, which is one reason why our labor force participation rate is now at a 32-year low. unemployment's almost 8% but that doesn't take into account the millions of people who have simply given up looking for work after a long period of unemployment. since june 2009, when the recession officially ended, median household income has fallen by more than $2,400. so instead of treading water, the average american family is seeing their buying power decrease by more than $ 2,400 since 2009. at the same time, they're finding not only ar
. you think our deficit is bad, they don't print that much money in the fed. we don't have that much in the system. jon: jim gray, good to talk to you. thanks, jim. jenna: breaking news out of washington, d.c. the president is officially announcing his nomination for labor secretary. his name is thomas perez. he is standing next to the president. just a few things he should know about thomas perez. assistant attorney general for the civil rights division right now. he spent a lot of time in his career focusing on consumer rights and protection as well. if he is confirmed, the process that takes place after the official no announcement he will be only latino in the president's cabinet. they need to get americans back to work as labor secretary and what kind of role considering his background mr. perez might play in immigration reform and what type of employment policies could be put in place if there is some overarching immigration reform. we'll keep you posted on the announcement. as we hear more we'll bring that to you. jon: it was ten years ago that operation iraqi freedom launched
're going to see the debt and deficit dwindle massively. let's talk about the contest in which dr. carson were speaking, if were talking about the debt and the policy prescriptions of the democrats and the obama administration then he needs to present a counter argument. he needs to present a vision for america that goes against that and he's fnot doing that, he's condemning and criticizing the president's motives, and by insinuation. >> that's absolutely not true. and in fact-- >> disrespectful for the office. >> first of all, he's not run for office. he's not doing this to seek political power, he loves this country. and number one. number two, you mentioned the debt, megyn, this president by the time he leaves office and reelected and we can all agree it that would have added more to the debt than all of his predecessors, including the much maligned george w. bush combined. he had no pro growth, and doesn't protect the balance and the president is delinquent by two months presenting a budget. en you're making your assessment at 5% growth and we have government spending at 25% of gdp. t
. cyprus needed a total bail out of 17 billion euros and they needed to to fund their banks and deficit. they said we will only give you ten and you have to come up with the other seven. it led to runs on atms in cyprus and protests as the president arrived at parliament. here's what they decided to do. they're going to tax bank depos sxits the ox original plan on saturday, 10% if you have an account larger than 100,000 euros and here's what led to the protests, 6.75% if you're under 100,000 euros and that's fdic deposit insurance. market watchers were aghast that insured depositors would be hit, but the insurance was essentially a falsehood. what if citizens in italy or spain begin to think that they being lose their money even if it is supposedly insured? could that lead to bank runs? it is so controversial the cyprus parliament couldn't get it passed yesterday. they say they would do it today. it didn't happen and now they're trying for tomorrow. they are re-working the plan so the smaller guy is not hit so hard, but still, it appears they're going after insured deposits. why did the
of all of our problems that were caused because of the sequester and still do deficit reduction, get our budget toward balance. and if that happens, this sequester will end. not only for the f.a.a. my friend is right. this is ridiculous. but for the 70,000 children who are being cut out of head start. why isn't there more discussion about that? when we know every dollar invested in a child, in head start, saves $10 because they get that head start in life. and where's the outrage of the h.i.v. -- 421,000 fewer h.i.v. tests? that's a public health emergency when 421,000 people can't get their h.i.v. tests, they don't know if they're h.i.v. positive. they could spread the virus. that's what's happening with this sequester. 10,500 lost teacher jobs. 2,700 will lose title 1 funds. that's a million kids who are getting special reading help because of this sequester. i think we all agree, the sequester is no way to govern. we can get to pay balanced budget without a sequester. we did that under bill clinton. we had a balanced approach. we made investments in our people. we cut out unnecessary
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